Beaufort County, South Carolina, a core county of the Hilton Head Island-Bluffton-Port Royal, SC market, holds $6.5B in deposits across 20 insured institutions and 53 branches. Coastal States Bank is the largest deposit holder at 18.1% share. The top three banks hold 46% of deposits, which places the county in the Moderate band. Deposits have grown 10.8% since 2021 while the branch count fell by 3.6%. It produced $10.0B of real gross domestic product in 2024, ranking #361 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 55 in 2021 to 53 in 2026. Institutions: 19 to 20. Top-three share: 45% to 46%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Coastal States Bank | $1.2B | 18.1% | +64% |
| Wells Fargo Bank | $988M | 15.1% | 0% |
| Bank of America | $837M | 12.8% | -4% |
| SouthState Bank | $823M | 12.6% | +7% |
| Truist Bank | $612M | 9.4% | -11% |
| TD Bank | $591M | 9.0% | +14% |
| South Atlantic Bank | $298M | 4.6% | +84% |
| First-Citizens Bank & Trust Company | $241M | 3.7% | -5% |
| Regions Bank | $206M | 3.2% | -1% |
| Pinnacle Bank | $166M | 2.5% | -13% |
| Palmetto State Bank | $159M | 2.4% | -20% |
| Ameris Bank | $142M | 2.2% | +16% |
| First Federal Bank | $94M | 1.4% | -15% |
| PNC Bank | $59M | 0.9% | +53% |
| Fifth Third Bank | $48M | 0.7% | no 2021 presence |
| United Community Bank | $43M | 0.7% | -4% |
| First Century Bank | $40M | 0.6% | no 2021 presence |
| Woodforest National Bank | $2M | <0.1% | -24% |
| JPMorgan Chase Bank | <$1M | <0.1% | no 2021 presence |
| AMG National Trust Bank | $0M | 0.0% | no 2021 presence |
The 20 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Hilton Head Island-Bluffton-Port Royal market
Beaufort County is one of 2 counties that make up the Hilton Head Island-Bluffton-Port Royal, SC market, a Metropolitan Statistical Area (ranked #181 of 293 U.S. markets by economic output). It produces 86.0% of the market’s output and holds 93.9% of its deposits.
| Measure | Beaufort County | Share of parent market |
|---|---|---|
| 2024 GDP | $10.0B | 86.0% |
| Deposits | $6.5B | 93.9% |
| Population | 204,433 | 84.1% |
View the full Hilton Head Island-Bluffton-Port Royal market profile →
Recruiting in Beaufort County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Beaufort County.
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